Gautam Adani

Senior advocate Mukul Rohatgi clarified that neither Gautam Adani nor Sagar Adani is named in the bribery or obstruction of justice charges under the US Foreign Corrupt Practices Act (FCPA) in a recent indictment. The criminal indictment, filed by the US Department of Justice (DoJ) and a civil complaint by the SEC, targets Adani Group executives but lacks specifics on bribery allegations. Rohatgi emphasised that the FCPA and obstruction charges are more serious than securities and wire fraud charges. Criticising the indictment’s lack of detailed evidence, Rohatgi stated his comments were personal, though he has represented the Adani Group previously.

Gautam Adani, chair of the Adani Group, and two Adani Green Energy executives, Sagar Adani and Vneet Jaain, have been indicted in New York for allegedly orchestrating a multibillion-dollar fraud scheme. U.S. prosecutors claim the trio paid $250 million in bribes between 2020 and 2024 to Indian officials to secure $2 billion in solar energy contracts. Adani Green Energy also raised over $3 billion through false statements. Arrest warrants have been issued for Gautam and Sagar Adani, with plans to involve foreign law enforcement. The allegations further strain Adani Group's reputation as Gautam Adani ranks as the world’s 22nd richest person.

'For me, the interest of my investors is paramount and everything is secondary. Hence to insulate the investors from potential losses we have withdrawn the FPO', says Adani Group Chairman Gautam Adani after the withdrawal of the fully subscribed AEL FPO. Watch!

India Inc has stepped forward to lend a helping hand as the country's COVID-19 case count continues to rise unabated and an acute shortage of medical oxygen keeps hospitals on the edge. Watch the video to know how industry majors and startups are helping to keep the supply chain moving and augment the availability of medical oxygen in different parts of the country.

"Adani Foundation is humbled to contribute Rs 100 crore to the #PMcaresfund in this hour of India's battle against #COVID19," Adani tweeted.

If the deal fructifies, it will mark the Adani group’s big-bang entry into the domestic airline market

The firm led by Gautam Adani had reported a net loss of Rs 411 crore in the year-ago period, it said in a BSE filing.

The company had posted a consolidated net profit after taxes, minority interest and share of profit of joint ventures and associates of Rs 363.57 crore in the year-ago period, Adani Enterprises said in a BSE filing.

From the sidelines of the Karnataka Investment Summit 2016, Gautam Adani, Chairman, Adani Group, told CNBC-TV18: "We have signed the Memorandum of Understanding (MoU) with the state government to expand the existing 1,200 megawatt capacity to additionally 1,600 megawatt capacity in Udipi."

Chairman of Tata Sons Cyrus Mistry, Vice-Chairman of Bharti Enterprises Rakesh Bharti Mittal, Chairman of Godrej Group Adi Godrej, Chairman of Aditya Birla Group Kumar Mangalam Birla, Chairman of Vedanta Group Anil Agarwal are also slated to attend the event. More than 10 Union ministers are expected to be present at the two-day event.

Total consolidated income, however, rose by 6 percent to Rs 11,390 crore in July-September quarter from Rs 10,752 crore in the corresponding period last year, on a comparable basis.

"Consolidated PAT for Q2FY16 increased by 16 percent to Rs 667 crores as against Rs 574 crores in Q2 FY15," APSEZ, country's largest port developer and part of Adani Group said.

The Federal Court's order removes the company's legal rights to either commence construction or operate the project and leaves Adani Group in a tough spot.

In an interview to CNBC-TV18 Gautam Adani, chairman, Adani Enterprises said he is hopeful of 30% linkage getting restored for its Rs 25,000-crore imported coal-based power plant at Mundra in Gujarat.

The Adani group completed its coal mining exploration programme at the Carmichael mine project in the Galilee basin in Australia. The company said that the project had estimated coal reserves of up to 10 billion tonnes at the mine.

Close on the heels of Prime Minister Manmohan Singh's assurance to the power sector that their concerns will be addressed, a Committee of Secretaries headed by his Principal Secretary Pulok Chatterji today held its first meeting to resolve the crippling fuel supply crisis.